Tuesday, August 2, 2011

Technical Analysis Aug 2011: SOP (5126)


SARAWAK OIL PALMS BERHAD

Observation from Chart:

Since 13 May 2011, SOP (5126) break up bolinger band squeeze.

SOP create higher high & higher low.

Other indicator:-
MACD trade at positive region, uptrend sign.
RSI & Stochastic %K already overbought region, pending sell call.

It is a good entry point, if retrace down to support level, RM4.21.

Let watch closely...


Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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